ComReal Miami-Doral, LLC is pleased to announce the sale of the property at 18770 NE 6th Avenue in Miami. The transaction closed on Friday, November 9th for $18,770,000 or about $80 per sq. ft. The property consisted of a 234,739 sq. ft. refrigerated distribution warehouse in Miami on 9.46 acres. ComReal represented the seller,…

The Final Mile at Medley property is now available for lease. The address is 7500 NW 82nd Place, Medley, FL 33166. The 28,000 sq. ft. warehouse building sits on 10.8 acres. The landlord / developer, Realterm Logistics, will consider build-to-suit construction for long term, creditworthy tenants. Be sure to watch the Aerial Drone Video Tour.…

The average vacancy rate decreased to 3.8% and the average lease rates have increased to $11.76 per sq. ft. Landlords continue to drive rates up while giving tenants fewer concessions. Over 5MM sq. ft. is under construction in Miami’s industrial real estate market, however the net absorption for this quarter was only about 200,000…

THE AIRPORT PALMETTO CORRIDOR… It’s all business here! Surrounded by the municipalities of Doral, Sweetwater, Miami Springs, Hialeah, and Coral Gables, the unincorporated area of The Airport Palmetto Hub offers owners and users one less level of government bureaucracy. Heavy manufacturers and production companies find this especially appealing as zoning, electrical, water, and…

Florida has undeniably become the top state in the U.S. for business. Since 2010, Florida businesses have created 1.4 million private sector jobs for a total overall state earnings of $511.2 billion. If the job numbers aren’t enough, for five consecutive years, the state has been labeled the second- best state for business by C-Suite…

Midway through 2018 we can report that the industrial real estate market in Miami remains very vibrant. The average gross lease rate has increased from $10.01 to $10.30 per sq. ft. The average vacancy rate has decreased from 4.4% to 4.1%. There has been a significant amount of deal volume, including three major sales transactions:…

June 2018 – ComReal has just sold ten acres located at 21250 SW 167th Avenue in Redland, Florida. The property is in un-incorporated Miami-Dade County and has dual-zoning: industrial / agricultural. The final sales price was $1,550,000 or $155,000 per acre. The buyer and new owner is Gabriel Serrano, with Aeroservicios USA, who will use…